Share the Care Inc

Analysis

Share the Care Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Share the Care Inc reported income of $4.5m and spending of $3.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.5m (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share the Care Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Food on the Move Inc ($4.5m), Interfaith Assistance Ministry Inc ($4.5m) and Notre Dame Volunteer Corporation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $208k (5.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.9m against liabilities of $522k, net assets of $2.4m. It reported 71 employees.